Crosstex Energy Completes Phase II Expansion At Riverside

The Crosstex Energy companies completed the Phase II expansion of its Riverside facility located on the Mississippi River in southern Louisiana. The Riverside facility’s capacity to transload crude oil from railcars to the partnership’s barge facility has increased to 15,000 bpd.

Phase II additions to the Riverside facility include a 100,000-bbl above-ground crude oil storage tank, a rail spur with a 26-spot crude railcar unloading rack, and a crude offloading facility with pumps, metering and a truck unloading bay. As part of the Phase II expansion, Riverside was modified so sour crude can be unloaded in addition to sweet crude.

“We expect Riverside Phase II to enhance our product diversity and fee-based margin. We are pleased that the Riverside facility offers a gateway for our customers to bring stranded or discounted crude oil into the premium-priced Louisiana market,” said Barry E. Davis, Crosstex president and CEO. The average annual fee-based cash flow from the Riverside expansion projects is expected to be $10 million.